Originally Posted by
Ragnor
Now that QLD has closed to Sydney for an undetermined time. How does that affect Bains forecast modeling on expenses on this purchase. Do they cut and run or proceed knowing that their own pocket will be responsible for X amount of cash!
Bain have deep pockets but they also are involved in a lot of other ventures where is the line drawn.
Do you think that Virgin were making anything on their Sydney to Queensland services over the past few weeks? It would be interesting to know what the load factors were like and which flights were being covered under the Minimum Domestic Network support program and which ones Virgin were flying off their own bat.
If they were running those flights at a profit, it wouldn't have been much I wouldn't have thought. And if they weren't making anything on them, then shutting the services down works in their favour.